Showing 1 - 10 of 25
of indigenous entrepreneurs. This paper therefore argued for the provision of comprehensive innovation policy, in which … (competitive) obstacles to innovation; and strengthening the knowledge base through investment in education, research and …
Persistent link: https://www.econbiz.de/10008876897
Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....
Persistent link: https://www.econbiz.de/10005791605
of the developing and newly industrializing economies shows that national systems of innovation have evolved keeping in … two essential characteristics of national innovation system that connects the users and producers of knowledge and also … rights on the other. How these arrangements have affected the national system of innovation both in the developed and …
Persistent link: https://www.econbiz.de/10004992044
the second scenario. Such conditions imply the existence of an inverse-U shaped relationship between innovation and …
Persistent link: https://www.econbiz.de/10011258667
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508
distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10005791837
Innovative ideas are novel combinations of productive resources potentially addressing an economic need (Schumpeter, 1926). Even promising ideas can be unprofitable if the proposed combination fails on at least one dimension, e.g., it is technically unfeasible or does not respond to a genuine...
Persistent link: https://www.econbiz.de/10005792312
A special characteristic of the patent system is that it features multiple patent-policy levers that can be employed by policymakers. In this study, we develop a quality-ladder model to analyze the optimal mix of patent instruments. Specifically, we consider (a) patent breadth and (b) the...
Persistent link: https://www.econbiz.de/10008548833
IPR protection and innovation, but the evidence is stronger for developed countries than for developing countries. Thirdly …, the optimal level of IPR protection should tradeoff the social benefits of enhanced innovation against the social costs of …
Persistent link: https://www.econbiz.de/10008528740
regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …
Persistent link: https://www.econbiz.de/10005497714